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Monday, October 29, 2007 

Trade Ideas for Tuesday - WYNN,YHOO,CIEN,BIDU

Chart courtesy of stockcharts

Wynn Resort broke out of a bull flag today. Today's volume was what you want to see when a stock breaks resistance. The technical chart shows the rally is back again as K line has just crossed on top over D line.

Chart courtesy of stockcharts

BIDU broke out on Friday of a short consolidation phase. Volume was strong on signaling that this move should hold, today confirmed it. BIDU is now a stock in a Breakout mode again.

Chart courtesy of stockcharts

YHOO - Profit taking in action, nothing more. YHOO had a nice volume increase today as they held support.

Chart courtesy of stockcharts

Chart looks Bullish now. CIEN broke out a nice base and MACD just crossed over. Time to test $50.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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